Bridgeboro, Georgia Property Taxes
The median property tax rate in Bridgeboro, GA is 1.15%, which is higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Bridgeboro being $71,536, the typical annual property tax bill amounts to $865, which is below the national median of $2,690. Property taxes in Bridgeboro are calculated based on the assessed value, generally lower than market value due to exemptions like primary residence and agricultural exemptions. Understanding Bridgeboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bridgeboro or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bridgeboro, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Bridgeboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bridgeboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bridgeboro to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bridgeboro, Georgia
Property taxes in Bridgeboro, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bridgeboro is 1.10%, higher than both the Georgia state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Bridgeboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgeboro estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bridgeboro's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31705 has the highest median property tax rate of 1.25%, while the zip code 31705 also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Bridgeboro provides valuable insights into the varying tax landscape across Worth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bridgeboro Tax Rate
1.15%
Average Worth County Tax Rate
1.14%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bridgeboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31705 | 0.58% | 0.90% | 1.15% | 1.46% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeboro, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bridgeboro, Georgia. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Worth County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bridgeboro, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the median home price in Bridgeboro is $71,536, with tax bills ranging from $453 at the 25th percentile to $1,876 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Bridgeboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bridgeboro Assessed Value
$71,536
Average Worth County Assessed Value
$79,652
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bridgeboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31705 | $26,585 | $40,192 | $71,536 | $117,444 | $154,915 |
Source: Ownwell
Property Tax Bills Across Bridgeboro, Georgia
In Bridgeboro, GA, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. For homeowners, this assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. The median home price in Bridgeboro is $71,536, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $453, while the 75th percentile reaches $1,300, and the 90th percentile can be as high as $1,876. These property tax bills are crucial for homeowners as they directly impact annual expenses. Compared to the national median property tax rate of 0.99%, Bridgeboro's tax bills reflect the local economic conditions and property values. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Bridgeboro Tax Bill
$865
Average Worth County Tax Bill
$864
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Bridgeboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31705 | $264 | $453 | $865 | $1,300 | $1,876 |
Source: Ownwell